Bangladesh—despite being a relatively small country—is actually one of the anti-money laundering (AML) pioneers among the South Asian countries for formulating the Money Laundering Prevention (MLP) Act in early 2002. Significant changes were brought about in the act during amendments in 2009, 2012 and...

The remote onboarding of customers—also known as electronic know your customer (eKYC)—has become a central topic of debate among regulators, law enforcement agencies, financial institutions and technology companies alike given the inherent challenges in the digital mobile and financial technological realities of the modern...

Enforcement pushes forward the effective and flawless implementation of legislation Legislations come into effect the day they are registered. Rules, guidelines and regulations become effective and are expected to be observed by the business community. Enforcement is the most effective component of the entire...

The world seems more chaotic. Every day, there are money laundering and counterterrorism stories in the newspapers. The U.S. and European papers are filled with stories about the failures at Danske Bank, ING, Deutsche Bank and Credit Suisse, whereas the Asian newspapers are filled...